Bovespa to sale its shares in the Colombian Stock Exchange market

In a regional move to sell its shares in various local stock exchange markets, Brasilian Bovespa decided to sell its shares in the Bolsa de Comercio de Santiago (BCS), the Bolsa de Valores de Lima (BVL), the Bolsa Mexicana de Valores (BMV) and the Bolsa Mexicana de Valores (BMV). In Colombia, it seeks to trade all its shares (6.1%), for which it initially paid $39 billion. According to Bovespa, this move responds to a change in strategy, prioritising its own local financial equity market.

Source: La República